LPL Investment Holdings Inc. is scheduled to debut on 11/17 - the same day that General Motors goes public.  The offering will be priced at between $27 and $30 a share, which would value the LPL’s enterprise at $4.4 billion.  Among the big winners in the IPO is, none other than, Goldman Sachs.  Read about Goldman's involvement with LPL, and 4 other well-placed, "big individual winners" - courtesy of Investment News.  

    1. Goldman Sachs & Co. [$58Mn].   GS played a large part in LPL’s rise to stardom in the advisory business, having advised the 2 private equity firms that bought a majority stake in LPL in 2005.  Goldman alos arranged financing for the deal.  To wit, Goldman now is co-lead underwriter of the planned IPO.

    2. Mark S. Casady [$57.9Mn].   As CEO, Mr. Casady is credited with LPL’s remarkable growth.  He succeeded Todd Robinson as CEO in 2005, and now is selling about half his stock in the company;  he’ll still own nearly 2mn shares after the sale.  He'll stay on as CEO, having recently signed a 5-year extension.

    3. Esther M. Stearns [$35.1Mn].   Ms. Stearns is LPL’s president and COO, and has been with the firm since 1996.  Starting out as CIO (IT), she helped build out the technology platform that serves the firm’s reps.  Ms. Stearns was named president in 2007.  Prior to joining LPL, she spent 14 years at Charles Schwab.

    4. Steven M. Black [$35Mn].   Mr. Black was LPL's CRO (Risk) at the time of his retirement in April, 2009.  He’s now selling nearly 1.2mn shares and holding on to 800,000. 

    5. Todd A. Robinson [$30Mn].   An alumnus of Smith Barney, Mr. Robinson formed LPL in 1989 through the merger of Linsco Financial Group and Private Ledger Financial Services Inc.  In 2005, he sold a 61% stake in the company to 2 PE firms.  After LPL was created, Mr. Robinson stepped down and was succeeded by Mark Casady, the current CEO.   [Investment News, 11/6]